Ecoscience International Berhad’s (KLSE:EIB) 41% Share Price Surge Not Quite Adding Up
Those holding Ecoscience International Berhad (KLSE:EIB) shares would be relieved that the share price has rebounded 41% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 44% in the last twelve months.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Ecoscience International Berhad’s P/S ratio of 0.5x, since the median price-to-sales (or “P/S”) ratio for the Construction industry in Malaysia is also close to 0.9x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing…
